Congress Could Consider Creating New Category of Organization, Expert Says

April 16, 2010, Chronicle of Philanthropy — As Congress eventually moves to consider making broad changes to the nation's tax structure, proposals could emerge that would take into account a "blurring of the lines" in recent years between nonprofit organizations and for-profit companies, according to Russell Sullivan, staff director for the Senate Finance Committee.

"We might see the emergence of some proposals to establish what I'll call, for the lack of a better term, a for-benefit corporation -- something that is in between a private taxable company that's under our rules of C corporations or S corporations and partnerships but also not under our rules having to do with charities," he said.

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